Ann: SPP Terms and Letter to Shareholders, page-16

This is all standard fare for an almost insolvent baby miner. Dangle the carrot. Kick the can down the road. Keep the trapped bulls hoping. 1 in a 1000 junior miners actually build a mine. Lots of lessons in this. I wish no bad will on anyone who has lost cash but I've seen this many times and this is no different.

And I agree that drawing or continuing to draw 400k salary for this debacle is a disgrace. It reeks of a cash grab. He should be on 100k going forward.
Good luck to all.